Porinju Veliyath has brought to an end his spectacular saga with Chor stocks. While he won small battles, the Chors won the War. Porinju has now conceded defeat and vowed to never cross the paths of the Chors again
Posts tagged penny stocks
Investor Makes 282x Gain (In 12 Months) From Penny Stock But Gets Busted By Tax Sleuths
An investor had the good fortune of raking in a mammoth 282x gain from a penny stock. However, when he went to the Tax Office and claimed the gains as tax-free, he was in for a rude shock. It was held that his transaction is sham and bogus and that he tried to convert his undisclosed income into tax-free LTCG
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